Zichis Agro Soars on NGX Growth Board with N1.19 Billion Debut
Zichis Agro Allied Industries Plc made its debut on the Nigerian Exchange (NGX) Growth Board on 20 January 2026. The company listed 600 million ordinary shares, valuing it at around N1.19 billion. Its shares, trading under the ticker ZICHIS, saw strong activity on the first day of trading.
Founded in 2012, Zichis Agro transitioned into a public company in 2024. The firm operates across multiple sectors, including oil palm plantations, palm oil processing, poultry, fish farming, and feed production.
For the nine months ending 30 September 2025, the company reported a 122% year-on-year revenue increase, reaching N464.1 million. Egg sales alone contributed N176.2 million, the largest share of its earnings. Despite a 67.35% rise in the cost of sales, Zichis Agro achieved a gross profit of N251.3 million. Profit before tax surged by 364%, hitting N201.04 million. The listing aims to attract funds from both local and international investors, supporting the company’s future expansion plans. Shares were priced at N1.81 each during the debut.
The NGX listing marks a key step for Zichis Agro’s growth strategy. With a market valuation of N1.19 billion, the company now has access to new capital for its agro-industrial operations. Trading under ZICHIS, its shares began with high investor interest.
